We get htis a lot on our site the answer to Top Traders To Follow Etoro….Questions that i speak with brand-new investors what if you’re brand new to investing you just don’t want to choose what you really want to invest and you want someone to do it for you there’s just a couple of manner ins which that can happen the to start with you can work with a financial investment portfolio manager they’ll typically charge a rather a high premium to do that maybe a couple of percent of your earnings will go to them the other thing is of course you can purchase mutual funds specific funds are developed again with an account supervisor in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios as well now if you’re brand new to an overall please keep in mind this platform is rather advanced you can do cfds which obviously cfds are methods of investing
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with not in fact having the full amount of capital so with anything that you’re finding out about please do study the platform don’t simply assume due to the fact that i use it that you can use it right away do some due diligence have a little experiment with it even invest with virtual money they give that choice as well so you actually get utilized to the structure of the site and after that when you’re ready to utilize your own cash to invest you can do so now i will disclaim of course your capital is at threat this is investing we’re doing you’re buying real business if you choose to in this particular video we’re discussing how to copy other people’s investments with your money so undoubtedly your capital is at risk and we have to bear that in mind do not just do something since that individual has actually stated they’ve made revenue 14 months in a row invest in these options because you think is the ideal ones for you which being said let’s dive directly in [Music] so the important things we’re going to cover in this video is understanding what is copy trading what are copy portfolios it’s part of social trading which is one aspect that is most likely.
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popular for it’s the option to see what other traders are doing unbelievable we do not typically get that insight from a lot of platforms and the other benefit is these copy portfolios are copy trading and so that implies with our cash we can really say i want to do exactly what that trader is doing or match that specific portfolio of choices and essentially each time they make a trade they buy they offer whatever they do your money will be imitated with it so that means if for example 10 of their investment portfolio is in tesla guess what you’ll now be investing 10 of your cash in so we’re going to also cover is the fees included truly vital you comprehend what are the costs of this now with any platform there will be some expense to certainly these are genuine companies that are investing they’re doing the buying the selling for you there’s going to be charges involved and even a few of the zero charge websites then may not charge you for in fact buying and selling funds or etfs specific commodities individual stocks.
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there’ll be charges on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all sort of fees associated so do your due diligence and i’m going to show you the costs with in particular in this video the next would be things to know before you actually begin buying copy trading or copy portfolios and lastly some best advice best practices if you are thinking about this as a tool whether you begin your journey or your more advanced investor so let’s kick off with costs actually important to comprehend these now on there’s a number of fees there isn’t fees to do with really buying and selling all right so commission costs are free however there are a couple of other charges the very first one is withdrawal charges so you can certainly put cash in now if you’re in the uk we put our uk money.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on but when you want to withdraw your money so you sell your shares you sell your products whatever you’re selling the minimum quantity you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me obviously understanding that i’m going to make certain that i’m only withdrawing when i absolutely need to now you may say alright that’s rather costly and i get that but it’s all to do with how they run their platform they have to charge fees someplace and withdrawal fees are just one of those alternatives that they have a lot of platforms obviously are complimentary to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year as soon as every six months you know depends entirely how you’re investing but that is a fee to bear in mind the 2nd charge that i’ve discussed is that conversion cost now with you’re handling us dollars only there’s not an alternative to buy in euros or uk which’s fine that fits me.
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a great deal of my stocks are us dollar stocks anyhow or the etfs that i’m buying or perhaps some crypto so i’m good with that we have what’s called the fx currency conversion fee now when you utilize anybody so if you’re utilizing trading 2 and two open market anybody this is basic they have actually i suppose stuck to whatever charge they charge for that conversion rate you type of need to accept you know if you wish to use their platform go from uk to us then that conversion charge exists what are they in fact offering you in regards to your uk pounds to us dollars and all platforms are the same you can’t haggle with them you can’t go to the bank and say provide me us dollars instead you need to pay their fees now the excellent thing about however when you have actually transformed your money you do not need to invest it immediately that dollar value can sit in your portfolio as money dollars for as long as you like so that indicates the initial day that you buy or convert your dollars is the only charge that happens now with copy trading and copy portfolios there aren’t any additional costs so that’s actually great utilizing that part of their website won’t certainly limit you in any way nevertheless we need to know 2 other costs the very first being what’s called spread charges fine and i’m going to show you what i indicate on now a spread charge as i’m going to show you
on is generally the difference that is part of the financial investment platform between the buy cost and the sale price all right it’s their premium on doing both those two actions now tesla if you can see on this part of the website today tesla’s dollar worth 599 per share in tesla that actually means that when you want to sell or buy as you can see it’s not the price you’re seeing up here let me show you that again so the existing rate of tesla is the value of a share what’s called spread costs is the difference then really to buy that share on the platform and you’ll discover this everywhere this is another manner in which they make a small amount of benefit from you each time you do a buyer’s share so keep that in mind obviously it’s more expensive to purchase than it is to sell so they’re going to give you less back with your sale and you state all right well why does that happen it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to offer it and that is how they make a little bit of cash on those spread charges it’s usually exceptionally little it could be a matter of pens matter of cents in there however that’s one location every investment company will once again make a little bit money now the last task is called an
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over night charge now this is actually important if you’re in fact using cfds yourself as well an over night charge is when you’re refraining from doing that buy offer transaction in the very same day fine there’s then an overnight cost charged or even if you go from the friday to the monday prior to cruising a weekend fee now this just applies to cfds so if you’re actually buying out the etf the stock the product and utilizing time one utilize which indicates you’re really buying the precise property instead of using leverage anyway you will not get hit with these fees but these costs are if you’re utilizing utilize and cfds and after that you’re going to have these costs if you’re not buy offering in the very same day so let’s say if you go into the aid area this isn’t the over night costs information you can see precisely the breakdown and it’ll tell you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only uses as i said to cfds there are some additional charges of course depending upon what you are investing in also this is on your own so keep that in mind but complete costs are entirely within their aid information fine and we spoke about as well as totally free to deposit in but there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds normal product stock shares whatever there’s that five dollar withdrawal cost now another thing to call it as i have actually said copy trading and copy portfolios are two different ways of in fact utilizing these copy works they do not have any extra charges on top of the normal charges that
exist now what you need to remember though is these potentially managed by other individuals totally or often have actually developed portfolios you have actually got a real person doing the management you have to ensure you pick the person that’s right for you much like any kind of work this is your monetary possessions so we definitely require to ensure it’s the best individual for us before we copy them so the first things i would call it if you do want to utilize this function we’ve got a couple of different choices for us firstly if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual ways i believe you get yep a hundred thousand dollars to play with and it’s not real cash that you’re investing you won’t require to put in your credit card information or anything you can basically have this virtual portfolio imitate as if you are utilizing your own cash but really buy pretend buy copy individuals whatever you like if you’re not
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feeling comfy with using your genuine money possibly this is an excellent alternative for you again to evaluate the theories alright you may want to buy tesla or apple or this etf why not use the virtual choice as a way to kind of safe have fun with it obviously you may have lost out on gains and losses during that time naturally if you had invested your genuine cash it allows you to construct confidence understand the platform so that’s one choice for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive actually how to copy individuals and copy portfolios now here’s something to remember before you pick somebody that you’re going to copy or a portfolio you’re going to copy make sure you understand what your danger profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your financial investments the riskier you can be run the risk of simply implies am i all right with potentially losing an excellent quantity of this investment or acquiring as
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well now keep in mind everything is downs and ups you will earn money you’ll lose money that’s why they make the statistic 75 individuals will lose money however that similarly indicates they’ll lose at some time in their journey clearly people do generate income also and i have actually got videos all about how you can make sure you’re one of the people to actually make money but in this circumstance make sure you research study your threat level would you be fine giving your cash to someone else which is efficiently what you’re doing and trusting them make certain you understand what they’re investing in totally if you’re somebody who isn’t wanting to be that risky don’t pick someone who’s totally into crypto or currency conversion think of it you ‘d most likely desire a backbone of strong commodities
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like gold or perhaps oil plus more conventional etfs and index funds you might not want some up-and-coming single stocks in your portfolio do the same with who you’re following now as i state you can really utilize this too truly quickly over here you can copy individuals now it will offer you a lot of choices and you can use the system to really search for somebody that you expensive really following so let’s see possibly we desire somebody from unified kingdom um who buys let’s see who does etfs they’ve acquired at least 10 yeah that sounds reasonable that sounds a good amount and i can find everybody who has satisfied that criteria and it does give you a threat aspect as well so it tends to be the higher the number the more riskier they are with their stock investing now certainly there are a number of individuals that have quite high returns
remember it resembles anything to do with the news or predictions of the future this does not suggest someone will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and after that you know ask you to confirm are you all right with this and off you go now another way to really deep dive if we click on this person for example ruby mza as an example you can really deep dive into what is she in fact purchasing so let’s enter into portfolio and you can see she’s rather heavy into microsoft mastercard amazon she likes her tech a bit so that’s good to know ibm paypal yep she’s absolutely like sort of into those blue box and the tech industry she’s got a few of mine really that i invest in too which is great so really for me knowing what i like to invest in my private stocks and shares she would resonate with me she’s got an excellent spread in tech companies that seems to be what she prefers she’s likewise got a little bit more um of the sort of main food companies and you’ve got you understand pharmaceutical and production companies as that. Top Traders To Follow Etoro.
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